(Il Sole 24 Ore Radiocor) - Milano, 26 mar - The board of Italian lender Banca Monte dei Paschi di Siena revoked the powers granted to Luigi Lovaglio as chief executive and suspended, with immediate effect, his duties as general manager.

Until the next shareholders' meeting, scheduled for April 15 and that will appoint the new board of directors, the bank's management will be assiged to the acting deputy general manager, Maurizio Bai.

The bank also said that, regarding the list of candidates submitted by minority shareholder PLT Holding and PLT, which includes Lovaglio as a CEO candidate, "reserves the right to carry out any appropriate assessment in relation to the documentation concerning such list, including with regard to its compliance with applicable corporate and regulatory provisions, and to initiate appropriate discussions with the.

competent authorities."

(RADIOCOR) 26-03-26 08:18:50 (0146) 5 NNNN